Black Iron (TSE:BKI) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Black Iron Inc. (TSE:BKIGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.12 and traded as low as C$0.11. Black Iron shares last traded at C$0.11, with a volume of 140,090 shares changing hands.

Black Iron Price Performance

The firm has a 50-day simple moving average of C$0.10 and a 200-day simple moving average of C$0.12. The firm has a market capitalization of C$35.73 million, a PE ratio of -10.50 and a beta of 1.91. The company has a debt-to-equity ratio of -11.52, a current ratio of 0.07 and a quick ratio of 2.76.

Black Iron (TSE:BKIGet Free Report) last released its quarterly earnings results on Tuesday, March 17th. The company reported C$0.00 EPS for the quarter. As a group, equities analysts forecast that Black Iron Inc. will post -0.05 earnings per share for the current year.

Black Iron Company Profile

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Black Iron Inc is a Canadian iron ore exploration and development company. The principal activity of the company is the exploration and development of ferrous metals in Ukraine namely the Shymanivske iron ore project located in Kryvyi Rih, Ukraine. The company operates through the development of its Ukrainian mining and exploration permits segment. It is located approximately 330 kilometers southeast of Kiev in central Ukraine.

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